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Highlights
Panmure Liberum reaffirms support for Helium One Global Ltd
Gas saturation detected in Upper Lyons Sandstone at Jackson-27 well
Approval granted for helium processing plant at Pinon Canyon to advance production goals
The helium sector underpins critical applications across medical imaging, aerospace technology and semiconductor fabrication. Helium One Global Ltd (LSE:HE1) is advancing exploration and development through its Galactica-Pegasus project in Colorado. This venture seeks to address tightening global supply by identifying and preparing new gas reservoirs for future production. Project partners and service providers have collaborated on innovative drilling methods to optimise recovery and minimise environmental impact.
Geological Setting and Exploration Progress
Galactica-Pegasus spans a vast concession with thick layers of sandstone and shale formations. Subsurface evaluations have mapped zones of elevated gas saturation and identified structural features conducive to helium accumulation. Seismic data guided a programme of core sampling that confirmed reservoir continuity. Initial petrophysical data from core samples yielded favourable porosity and permeability readings, reinforcing confidence in reservoir performance. Panmure Liberum has reaffirmed its view that these findings represent technical progress consistent with the project’s exploration objectives.
Momentum at Jackson-27 Well
Recent operations at the Jackson-27 well involved drilling to substantial depth within the Upper Lyons Sandstone. Logging tools recorded extensive intervals of gas-bearing sands. The site crew has installed the wellhead assembly and is preparing for a period of flow verification under natural reservoir pressure. This stage will confirm the deliverability of helium-rich gas and provide key information for well pairing and infrastructure planning. Surface equipment upgrades, including advanced measurement and telemetry systems, have been installed to support accurate monitoring during flow testing.
Jackson-29 Well Flow Verification
At the Jackson-29 location, the flow tests under reservoir drive have delivered sustained gas output at surface manifolds. Laboratory testing of gas samples indicates a helium content commensurate with nearby discoveries, alongside expected volumes of associated gases. Detailed gas composition data will guide processing parameters at the Pinon Canyon facility and inform future drilling locations. The stability of these results supports integration of the well into the project’s production network and underscores reservoir continuity across multiple drilling sites.
Infrastructure Approval at Pinon Canyon
Regulators have authorised the construction of a dedicated helium processing facility at Pinon Canyon. The plant design incorporates gas separation, dehydration equipment and storage modules tailored for helium production. This facility will enable rapid processing of gas streams from multiple wells and provide a centralised point for compression and export. Construction is slated to commence later this year, aligning with project development timelines.
Continuing Drilling Campaign
With the initial wells advancing through flow verification, the drilling programme continues as crews relocate the rig to subsequent target sites outlined in the work plan. Ongoing logging and testing will refine resource estimates and support phased infrastructure build-out. Stakeholders remain focused on field updates and regulatory milestones as Galactica-Pegasus progresses toward its production stage.
